Our African Mines
Strong assets have positioned Pan African Resources as one of South Africa’s lowest-cost gold miners. From one of the oldest and richest working gold mines in the world, to modern, innovative tailings retreatment plants, our asset portfolio produces 200 000 low-cost, high-quality ounces per annum.
Find out about our South African mines here.
ELIKHULU TAILINGS RETREATMENT PLANT
Elikhulu Tailings Retreatment Plant exploits over 200 Mt of gold tailings at three existing slimes dams – Kinross, Leslie/Bracken and Winkelhaak – accumulated over 70 years of mining at Evander Gold Mine. It can produce up to 75 000 oz./annum at an excellent cash cost of just $555/oz.
Our South African Mines: Delivering value for stakeholders
Pan African Resources is a mid-tier African miner with a production capacity up to 200 000 oz. gold per annum. We are committed to producing low-cost ounces and optimising safety and mining efficiencies, while minimising environmental impacts and investing in local communities.
Our gold production is split evenly between surface and underground operations, providing a diverse portfolio delivering production agility and flexibility while offering both short- and long-term mineral reserves security and stock-price appreciation potential.
In addition to our focus on high-grade, low-cost mining, Pan African Resources is committed to responsible, sustainable mining and protecting our natural environment. In addition to our commitment towards decreasing energy consumption and moving to renewable energy sources, Pan African Resources is also continuously developing, refining and enhancing our biodiversity objectives and is committed to achieving full regulatory compliance with the latest water and air quality legislation.
We continue to take significant steps to position ourselves as a sustainable, safe, high-margin and long-life gold producer.
Pan African Resources Turns Environmental Liability into profit
Gold tailings from historic mining operations present significant liabilities, environmental risks and disposal challenges for mine owners. Pan African Resources has developed innovative tailings retreatment facilities to recover low-cost ounces from tailings.
Pan Africa Resources has completed a feasibility study for the Egoli Project, an extension of Evander Gold Mines in Mpumalanga Province, which found the project to be viable with potentially compelling economic returns. Currently exploring several non-dilutive funding options for the R750 million project, we are is confident that the Egoli project will be an important strategic addition to our competitive mining portfolio.
Supplementary projects include conducting a feasibility study into a solar-powered generation plant at Evander Mine, allied to our overall biodiversity and sustainable energy objectives and lowering our mining footprint.
More about mining in Africa:
How does South Africa benefit from mining?
Mining is a major economic activity in South Africa, contributing approximately R350 billion to the country’s GDP. There is an estimated R35 trillion worth of mineral resources still to be mined, and this will create wealth and employment for decades to come. South Africa is a leading producer of PGMs, gold, diamonds, vanadium, manganese, chromium, ilmenite and more.
Why gold mining is important in South Africa:
Gold sales of R72.6 billion were recorded in 2019 (a 3.7% increase from 2018). Although no longer the world’s largest gold producer, the gold mining sector remains a significant contributor to South Africa’s GDP. The country’s gold mines have also been a centre for mining and beneficiation technology advances, including the BIOX® (Biological Oxidation) process, developed at Pan African Resources’ Barberton Mines.
How does mining contribute to the economy of South Africa?
The mining industry contributes approximately 7% to South Africa GDP (gross domestic product) – approximately R350 billion – and employs over 450 000 people. Although the country’s economy has diversified and mining is not the primary economic sector, it remains a critical part of the country’s economic make up. South Africa boasts the largest precious metals industry in the world through its gold and PGM riches.
How many mines in South Africa?
There are currently approximately 200 operational mines in South Africa, with almost 350 mining projects currently in various phases of development. Mines are concentrated in the central and north-eastern sections of the country.
How many gold mines in South Africa?
South Africa has 28 operational gold mines, and almost 60 mining projects in various stages of development. Gold mining in South Africa is centred mainly on the Witwatersrand reef, as well as the Barberton Greenstone Belt, both in the interior of the country.